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Sunday, 28 July 19
ULTRAMAX - INDONESIAN COAL CARGOES SAW A 63,000DWT SHIP FIXING DELIVERY FOR A SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY CHINA, AT $11,700 - BALTIC BRIEFING
.jpg) Capesize
The market was a white knuckled ride this past week as a large downside movement shed value quickly leaving many in bewilderment. The 5TC opened the week at $32,765 and closed on Friday at $27,145. It became apparent on Monday that the market was sliding. Tuesday brought about a modest decline on all routes before the storm clouds gathered. Wednesday it dropped throughout the day, with most activity centred on C3 and C5 routes. Thursday erosion continued on all routes, but by the end of the trading day a floor had been found to close the week with a small rebound. The West Australia to China rollercoaster opened the week at $10.90, rising quickly to $11.145, then plummeted to $9.336 to close out the week at $9.77. The Brazil to China C3 big dipper opened the week at $27.518, reached a low of $22.614, before closing out at $23.145. Rate levels are still considered high for recent times while the nerves of a few are surely being tested.
Panamax
There was a change in sentiment last week, with rates coming under pressure and owners struggling to maintain last done levels. It was expected after a prolonged period of gains, although whether it is a genuine change in market direction, or a short term correction, is still a matter for discussion. The fundamentals in the North Atlantic remain unchanged, so only early ships, or ballasters, seemed willing to reduce their ideas to find cover. However on Friday many marked the Index down heavily. South America was said to be very positional, with mid-August firmer than earlier or later August dates. The East witnessed a sharper correction as the recent unexpected levels had been driven by the rapidly improving Atlantic market, Cape and FFA markets, with the latter two softening this week. Period trades have also been affected by the decline in paper values, although these appeared to recover some ground by the end of the week.
Supramax/Ultramax
It was a week of mixed fortunes, with a change of direction, mainly seen in the Atlantic, from the recent increases on the Baltic Supramax Index (BSI). Limited period activity surfaced, but a 52,000dwt vessel open South China was fixed for 9-11 months trading at $9,500. Key areas such as the US Gulf and East Mediterranean saw slides in rates as fresh enquiry became scarce towards the week’s end. A 62,000-tonner was fixed from the US Gulf to the East Mediterranean at around $18,000. Brokers also reported lower activity than of late from East Coast South America. The Asian market remained active, but routes saw negative moves towards the end of the week. Indonesian coal cargoes saw a 63,000dwt ship fixing delivery for a South China trip via Indonesia, redelivery China, at $11,700. North Pacific cargoes saw a 53,200dwt vessel fixed delivery Tonda via the US West Coast, redelivery China with petcoke, at $9,350. Indian Ocean rates remained steady, a 55,000dwt vessel covering delivery South Africa, redelivery Arabian Gulf – West Coast India, at $12,750 plus $275,000 ballast bonus.
Handysize
Whilst other sectors showed declines last week, the Baltic Handysize Index (BHSI) still made gains overall, despite signs of slowing down in the US Gulf. The market calmed down across most of the key areas in the Atlantic, whilst the Pacific market remained firm and stable. A 30,000-tonner open Port Said was booked for a trip redelivery in the US Gulf at $9,000 early in the week. A 39,000dwt vessel was fixed from North Brazil for a grain run to the US Gulf/Caribbean range at $18,000. In the east, a 28,000dwt ship open Thailand was failed on subjects for moving sugar to Indonesia at $7,000 and later on was fixed again for a similar run at the same level. A 33,000-tonner open Indonesia was fixed for an Australia round voyage at $9,500 and a 38,000dwt ship open in the Philippines was fixed for Southeast Asia redelivery at $10,500.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
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